Stock analysts at Wunderlich raised their price target on shares of NV Energy (NYSE: NVE) from $21.00 to $23.75 in a report issued on Friday, Analyst Ratings Network.com reports. Wunderlich’s target price points to a potential upside of 1.32% from the company’s current price.
A number of other firms have also recently commented on NVE. Analysts at Ladenburg Thalmann raised their price target on shares of NV Energy from $21.50 to $23.75 in a research note to investors on Friday. Separately, analysts at Barclays Capital raised their price target on shares of NV Energy from $22.00 to $23.75 in a research note to investors on Friday. They now have an “equal weight” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of NV Energy from $20.00 to $22.00 in a research note to investors on Wednesday, April 24th. They now have an “equal weight” rating on the stock.
Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $21.71.
NV Energy (NYSE: NVE) traded up 0.15% on Friday, hitting $23.475. NV Energy has a 52-week low of $16.96 and a 52-week high of $23.68. The stock’s 50-day moving average is currently $20.94. The company has a market cap of $5.527 billion and a price-to-earnings ratio of 16.85.
NV Energy (NYSE: NVE) last issued its quarterly earnings data on Friday, May 3rd. The company reported $0.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.01. The company had revenue of $584.22 million for the quarter, compared to the consensus estimate of $615.68 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. NV Energy has set its FY13 guidance at $1.25-1.35 EPS. Analysts expect that NV Energy will post $1.30 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, June 19th. Investors of record on Tuesday, June 4th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date of this dividend is Friday, May 31st.
NV Energy, Inc. is an investor-owned holding company. The Company has six primary, wholly owned subsidiaries: Nevada Power Company (NYSE: NVE), Sierra Pacific Power Company (operating as NV Energy), Sierra Pacific Communications, Sierra Pacific Energy Company, NVE Insurance Company, Inc.